The Veteran’s Administration (VA) home loan program, which makes homeownership more affordable for veterans, is used more extensively in places closer to major military installations, according to a new working paper from the Joint Center For Housing Studies of Harvard University. So writes Kerry Spitzer, Senior Clinical Research Coordinator at the Institute for Healthcare Delivery and Population Science at Baystate and Lauren Lambie-Hanson, principal financial economist in the Supervision, Regulation, and Credit Department of the Federal Reserve Bank of Philadelphia.

Bill Bodnar of the Mortgage Market Guide focuses on the U.S.-China relationship and its far-reaching implications. Earlier in the year, developments were a tailwind to the bond market, supportive of lower rates, he notes. Now, it’s a complete role reversal.

Atlanta-based Angel Oak Home Loans has added its 12th branch in the state with the opening of a new office in Acworth, Georgia, the company has announced.